Yongxing Project Overview and Xinyuan Project Investment Highlights

Stepped Up The Pace Despite the Pandemic • • Outperformed in 2020 with record revenue and PATMI (1) Proven valuable company with reliable and adaptable business model and strong capabilities to execute and deliver Revenue (RMB mil) 18-20' CAGR 12% 4,059 3,605 3,263 18-20' CAGR 5% Gross Profit (RMB mil) 18-20' CAGR 19% 981 889 18-20' CAGR 5% 348 286 317 694 1,280 1,356 1,401 FY2018 FY2019 FY2020 4Q2018 4Q2019 4Q2020 FY2018 FY2019 FY2020 4Q2018 4Q2019 4Q2020 PATMI (RMB mil) EBITDA (RMB mil) 18-20' CAGR 22% 377 352 18-20' CAGR 27% 798 707 18-20' CAGR 4% 254 496 FY2018 FY2019 FY2020 162 139 98 4Q2018 4Q2019 4Q2020 FY2018 FY2019 273 226 243 FY2020 4Q2018 4Q2019 4Q2020 (1) PATMI refers to the "Profit for the year attributable to equity holders" in the "WITHOUT financial effects of Convertible Bonds and Warrants" column of the P&L statement, which adjusts "Profit for the year attributable to equity holders" in the "WITH financial effects of Convertible Bonds and Warrants" column for amortised interest expenses, fair value adjustments and foreign exchange gains or losses associated with the Convertible Bonds and Warrants. 29

View entire presentation